07/22/2026
Winning a competitive offer scenario in Takoma Park, MD
It was an absolute joy working with Rachel and Paul in the purchase of their new home!
The first property we visited checked all the boxes, so we knew we wanted to submit our offer quickly. We reviewed the comparable sales in the neighborhood and determined that it was actually priced on the lower end of the estimated market value.
We were competing against another buyer, so we knew our offer had to be compelling while still protecting my client's interests. They certainly didn't want to pay over market value and also wanted the protection of a home inspection contingency.
Ultimately we were able to beat the competing offer without exceeding its sale price, and still ended up $5k under the appraised value! What tipped the scales in our favor were a few key differences in the contingency terms. This is where attention to detail matters.
The home inspection revealed that the home had been well-maintained over the years, but had a few areas that needed some attention. As a result, we were able to secure a $6,000 credit from the sellers that reduced the closing costs.
All in all, it was a great outcome!